Nevada Series LLC to hold WA & IN properties
We live in Washington State (no income tax) and own properties in Washington and Indiana. The properties are currently held in our names. Our estate planning attorney recommended setting up a Series LLC in State of Nevada to hold all WA and IN properties.
Questions:
WA State does not have Series LLC. In case of litigation, will the Nevada Series LLC provide the liability protection limited to one property? Or will WA State treat the Series LLC as a "normal" LLC?
Should we set up a Series LLC in Indiana to hold the IN properties? And separate LLCs for the WA properties?
Any concerns with rental income generated by the WA properties subject to Nevada state income tax since it's owned by a Nevada Series LLC?